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News Insight & Analysis

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05 July 2024 - Shenhua's coal-based PP and PE Auction Results
05 Jul 2024 Local traders, keen to deplete their existing inventories, offered more negotiation flexibility on spot cargoes, further diminishing interest in the auction of coal-based materials.
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04 Jul 2024

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Saudi Aramco kept July LPG prices steady in Asia

Saudi Aramco has maintained its July liquefied petroleum gas (LPG) prices in Asia at the same levels as in June, despite a 6% monthly increase in crude oil prices.
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04 Jul 2024

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China Morning Snapshot – 04 July 2024

In the PE sector, buyers have adopted a cautious approach, awaiting the arrival of previously purchased parcels expected to reach the market by the end of the month.
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04 Jul 2024

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04 July 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua Auction Platform concluded today’s session with a marginal decline in the auction volume for homo-PP grade, which was attributed to the weakened futures trading.
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03 Jul 2024

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Strong emergence of South Korean PP and PE in China sparks concerns over near-term outlook

While some industry insiders have noted easing booking fees from China’s main ports to several routes, South Korean sellers have not experienced the same relief.
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03 Jul 2024 PPH Inj PPH Raf

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Chinese suppliers lifted export PP offers as the local market rose to multi-month highs

The market is in mid of the seasonal lull, prompting a number of small-scale manufacturers to temporarily halt production to manage rising finished goods inventories.
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03 Jul 2024

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China Morning Snapshot – 03 July 2024

Many small-scale converters in both the PP and PE sectors have reduced operating rates to manage accumulating finished goods inventory
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03 Jul 2024

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03 July 2024 - Shenhua's coal-based PP and PE Auction Results

The coal-based producer implemented a CNY 50/ton increase in auction prices for both PP and PE cargoes. Despite this hike, buyers found these parcels more attractive than spot materials.
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